secwatch.observer — SEC 8-K summary
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Issuer:     ALICO, INC. (ALCO)
CIK:        0000003545
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0000003545-23-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alico reports FY2023 net income $1.8M vs $12.5M; adjusted net loss $(24.5)M
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- Diluted EPS $0.24 vs $1.65 YoY; adjusted diluted EPS loss $(3.23).
- Adjusted EBITDA $(16.1)M vs $13.4M in FY2022, driven by cost inflation and lower box production.
- Sold ~2,255 acres for $12M; working capital ratio 3.90:1, debt ratio 0.30:1.
- Hurricane Ian recovery ongoing; $70M undrawn credit available.
- Revenue decline from lower harvest volumes plus higher fertilizer, labor, and fuel costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3545/000000354523000028/0000003545-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3545/000000354523000028/alco-20231206.htm
  HTML page:      https://secwatch.observer/filing/0000003545-23-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer